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ABOUT US

Instated to foster the spirit of entrepreneurship and business acumen among people all around the world , Eureka! fast-tracks the journey from an innovative idea to a commercial success. Eureka! is Asia's largest business model competition accredited independently by CNN and Thomson Reuters. Designed to emulate the process of growth of an idea towards a full-fledged startup. Eureka! prides itself on providing a 360 degree, holistic experience in the 5 month period that it spans. Right from acknowledging that your idea has a potential, to drafting a B-Model and pitching in front of an esteemed panel of investors, this platform has it all! Over the 17 years of its existence, Eureka! has grown from a competition in which 50 teams competed for INR 50,000 to a competition which sees over 8000 entries competing for prizes worth INR 5 Million at stake with excellent networking opportunities in India and the Silicon Valley !

Innovation and entrepreneurship are the wheels that steer the world into a brighter future. The world economy will tumble upon itself if new innovations are not reaped every day. Great ideas result into great undertakings which pave the way for glaring success. It is easier said than done because the process of realizing an idea needs a deep understanding of the world around, and an innate preparedness to cope with failures - an inevitable part of enterprising. In order to facilitate this vision of promoting entrepreneurship in India and the world, E-Cell organizes Eureka!, an international business model competition. Eureka! provides a platform for potential ideas and early stage startups to evaluate their plan in the risk free environment of a competition. It aims to bridge the gap between ideas and the realization of an enterprise.

With the vision of promoting both business and social innovations, we follow two tracks:

  • Eureka! Business: The trademark of Eureka!, the business track of Eureka! is aimed at helping ideas develop into businesses that have the potential to revolutionize the world.
  • Eureka! Social: Eureka! Social encourages ideas and B-Models which cater to people at the bottom of the pyramid and or for a greener tomorrow. Eureka! Social will run as a parallel track and all the entries will be judged, mentored and evaluated separately self-sustainable in the long run.

Entries Over the Years

INCENTIVES




















Prize Money

Business Track

Winner- Prize money of INR 5,00,000

Runner up- Prize money of INR 3,00,000

Social Track

Winner- Prize money of INR 2,00,000

Runner up- Prize money of INR 1,00,000


Special awards

IIT Bombay award- Prize money of INR 1,00,000

ABOUT COMPETITION

Eligibility

The Eligibility Criteria is as mentioned below

Eureka! - Business Track

  • Start-ups which have been incorporated more than a year ago (i.e. registered on or before 26th August, 2016) are not eligible to participate in the Business track of Eureka! 2017. You will be required to submit proof of the same during the competition process.
  • There is no restriction on any individual to participate. Anyone, from students to working professionals across the world, can participate.
  • Individual participation is allowed in the competition, although participation in teams is highly encouraged. However, the number of maximum number of members allowed per team is seven (7).
  • Ventures that have acquired funding from external investor-networks (angels, VC's, etc) cannot participate. We believe in promoting start-ups that require assistance in the form of seed capital, mentoring and various types of consultancies.
  • Note: Teams may be asked to provide proof of the above at any time during the competition cycle and in the eventuality of wrong details/ information your entry shall be disqualified.

Eureka! - Social Track

  • Start-ups which have been incorporated more than two years ago (i.e. registered on or before 26th August, 2015) are not eligible to participate in the Social track of Eureka! 2017. You will be required to submit proof of the same during the competition process.
  • There is no restriction on any individual to participate. Anyone, from students to working professionals across the world, can participate.
  • Individual participation is allowed in the competition although participation in teams is encouraged. However, the number of maximum number of members allowed per team is seven (7).
  • Ventures that have acquired funding from external investor-networks (angels, VC's, etc.) cannot participate. We believe in promoting start-ups that require assistance in the form of seed capital, mentoring and various types of consultancies.
  • The plan should solve a critical social and/or environmental problem in an innovative and transformational way.
  • The mission and practices of the venture must focus on quantifiable social return.
  • The venture must be for profit and financially viable; non profit entries will not be accepted.
  • Note: Teams may be asked to provide proof of the above at any time during the competition cycle and in the eventuality of wrong details/ information your entry shall be disqualified.
  • Note: A social venture can technically participate in the Business Track as well. But such a move is highly discouraged.
  • Teams may be asked to provide proof of the above at any time during the competition cycle and in the eventuality of wrong details/ information your entry shall be disqualified.

IIT-Bombay B-Model of The Year Award :

(An initiative by the IIT Bombay Batch of 1985)

  • Each team must comprise a majority (50% or more) of IIT -B residents (students, faculty and anybody residing in the campus).
  • IIT-B residents must be actively involved in the venture.
  • Prize money will be given as cheque made in the name of team leader, who should be an IIT Bombay student/resident.
  • The final decision rests upon the judges ('85 batch alumni) and thus the participating team should also satisfy any other criteria as and when put forward by them.
  • Note: To know more about the institute policy of IIT-B on intellectual property, visit: https://www.ircc.iitb.ac.in/webnew/ippolicy.html
  • Ventures of IIT Bombay residents should satisfy the norms mentioned in the above policy.
  • Note: Teams can be asked to provide proof of the above at any time during the competition cycle and in the eventuality of any wrong detail/information, your entry can be disqualified.

Rules

The Rules and Guidelines are as mentioned below

Participation and Registration

  • Participants are required to register and submit their questionnaire/ business model online.
  • Participants may login into the portal using their E-mail ID, LinkedIn or Gmail. Please note that in case of using an E-mail ID, participants must confirm their E-mail ID using the verification link sent to them.
  • A team can have one or more members with a maximum of 7 members in a team.
  • Team information details can be changed anytime by logging into the Eureka! portal. One can even add or drop team members. This facility will be available at any time during the competition cycle. Please note that the details of the team leader cannot be changed except his/ her email id.
  • 'Team Name' cannot be changed over the course of the competition. It should be used for any future correspondence or queries.
  • A team can submit more than one business model/ idea after registration but in doing so, it must register separately for each submission. The same email-id and/or team name cannot be used for doing so.
  • There is no restriction on teams taking part in other business plan/ model competitions.
  • Every contestant must agree with the rules of the contest and must accept the declaration of confidentiality during registration in order to participate. Please make sure you read the Terms and Conditions of the competition before registering.Choosing your Track: Business or Social

Choosing your Track: Business or Social

  • There is a common registration portal for both Eureka! Business and Social tracks.
  • Teams must select their track while submitting their ideas in Eureka!.
  • Teams must select their track after viewing the Eligibility Criteria for both the tracks.
  • Once a team selects its track, it cannot be changed.

Round 1: Submission of the Questionnaire

  • Teams must answer each question in the questionnaire in order to be considered for evaluation. Please note that in the case of applying for Eureka! Business track, participants are not required to fill in the questions corresponding to "Social Impact" while it is mandatory for entries applying to Eureka! Social.
  • The questionnaire of Eureka! is so designed that compiling the answers to the questions would create a basic but complete image of the idea. A participant is expected to answer all questions in the questionnaire in detail.
  • The answers to the questionnaire can be saved and edited repeatedly till the last day of submission i.e. 29th September, 2017. The last saved answers would be frozen at 11:59 pm IST on 29th September, 2017.
  • Entries submitted after the deadline will not be considered. The name given to the idea/entry cannot be changed for the second round. However any change in name for the third and final round can be done by bringing it to our notice, stating the reference code for the entry.

Round 2: Submission of the Business Model

  • Only teams that qualify for the second round are eligible for submitting their final business model.
  • Participants will be allotted sector-specific mentors according to their require and mentoring will take place via email, video conferencing and telephone calls.
  • Please submit the draft of the B-Model (need not be final, complete B-Model) along with executive summary by logging into Eureka! portal using your credentials by 23rd November, 2017 (11:59 pm). For your convenience, guidelines are provided which can be referred.
  • Participants are requested to submit traction report along with the draft B-Model and executive summary.
  • The B-Model submission is the second stage of this round. Only .pdf file formats will be accepted.
  • Please name your file : TeamName_Eureka_RegCode.pdf

Guidelines for the format of business model:

(Submission date for the finalizes B-Model : 6th December, 2017 11:59 PM IST)

  • Cover Sheet (Company Name, College/Organization/Company. Presenting Team Members, Team Leader contact info)
  • Product or service description (incl. current status of development – beta, prototype,MVP etc.)
  • Customer/Market analysis (market size and potential market share)
  • Sales and Marketing Model (how you will go-to-market) Intellectual property status (e.g., patents, licenses, etc.)
  • Competitor Analysis (competitors and your competitive differentiation)
  • Management team and/or advisors, including relevant experience
  • Financial highlights (cash flow, income statement, & balance sheet)
  • Offering of the company (how much investment you are seeking, uses of funding, possible exits)
  • Although a sample B-Model has also been made available for reference, it is not mandatory for teams to adopt the same format while making their B-Model.
  • The evaluation for the 3rd and final round will be based on final B-Model along with MVP/POC.

Terms

The Terms and Conditions are as mentioned below

Terms Regarding Prize Allocation

  • Teams do not have to make separate entries for competing for special awards.
  • One team cannot win more than one prize package out of the top 8 prize packages mentioned in the table above i.e. all prize packages that have cash awards.
  • Before the Pitching Round, finalist teams will have to submit a priority list of the prize packages in case they are eligible for more than one prize package. To view the eligibility of prizes, check prize distribution.
  • Prize allocation will be done considering both the priority lists and merit lists of each prize package.

Prize Distribution

  • The total cash prize distribution for the prize winners will be done in different stages, depending on the award. Proper auditing at intermediate stages will be done to ensure that the prize money is appropriately used to take the venture forward.
  • All prize money will be given as cheques. No cash under whatsoever condition will be given.
  • The first cash prize will be issued 3 months after the declaration of results.

Eureka! Business - Winner and Runner-Up (Rs. 5,00,000 and Rs. 3,00,000 respectively)

  • 25% of the prize money will be awarded to the Eureka! Business Winner and Runner-Up after a period of 3 months.
  • The cheque will be in the name of the team leader.
  • All subsequent cheques will be made in the name of the incorporated company.
  • Within a period of 6 months after the date of declaration of results, the teams will be required to submit a detailed report of their progress to the Entrepreneurship Cell, IIT Bombay. The report would be evaluated by our panel of judges.
  • If the judges declare that adequate progress has been made, a further 25% of the prize will be released after 6 months from the declaration of results.
  • By this time, the team must also have incorporated the company.
  • If a team fails to give the report within the stipulated time, it shall be deemed that the team has forfeited the remaining prize.
  • The teams will be required to submit a second detailed report of their progress within 6 months of receiving the second installment, which will again be verified by our panel of judges.
  • The teams must also submit an account of their expenditure for the prize money they would have received till date, at least 2 weeks before the presentation. The Entrepreneurship Cell shall have this account audited.
  • If the judges declare that adequate progress has been made in the venture, the remaining 50% of the cash awards will be given after 6 months of the second installment.
  • If a team fails to give the report within the stipulated time, it shall be deemed that the team has forfeited the remaining prize.

Eureka! Social Winner (Rs. 2,00,000)

  • 25% of the prize money will be awarded to the Eureka! Social Winner after a period of 3 months.
  • The cheque will be in the name of the team leader.
  • All subsequent cheques will be made in the name of the incorporated company.
  • Within a period of 6 months after the date of declaration of results, the teams will be required to submit a detailed report of their progress to the Entrepreneurship Cell, IIT Bombay. The report would be evaluated by our panel of judges.
  • If the judges declare that adequate progress has been made, a further 25% of the prize will be released after 6 months from the declaration of results.
  • By this time, the team must also have incorporated the company.
  • If a team fails to give the report within the stipulated time, it shall be deemed that the team has forfeited the remaining prize.
  • The teams will be required to submit a second detailed report of their progress within 6 months of receiving the second installment, which will again be verified by our panel of judges.
  • The teams must also submit an account of their expenditure for the prize money they would have received till date, at least 2 weeks before the presentation. The Entrepreneurship Cell shall have this account audited.
  • If the judges declare that adequate progress has been made in the venture, the remaining 50% of the cash awards will be given after 6 months of the second installment.
  • If a team fails to give the report within the stipulated time, it shall be deemed that the team has forfeited the remaining prize.

Eureka! Social Runner-Up (Rs. 1,00,000)

  • 50% of the prize money will be awarded to the Eureka! Social Runner-Up after a period of 3 months from the declaration of results.
  • Within a period of 6 months after the date of declaration of results, the teams will be required to submit a detailed report of their progress to the Entrepreneurship Cell, IIT Bombay. The report would be evaluated by our panel of judges.
  • If the judges declare that adequate progress has been made, the remaining 50% of the prize will be released after 6 months from the declaration of results.
  • By this time, the team must also have incorporated the company.
  • If a team fails to give the report within the stipulated time, it shall be deemed that the team has forfeited the remaining prize.
  • The teams must also submit an account of their expenditure for the prize money they would have received till date, at least 2 weeks before the presentation. The Entrepreneurship Cell shall have this account audited.

Eureka! IIT Bombay B-Model of the Year Award (Rs. 1,00,000)

  • The entire prize money of Eureka! IIT Bombay Start-Up of the Year award shall be disbursed 3 months after the declaration of results.
  • 50% of the prize money will be awarded to the Eureka! IIT Bombay B-Model of the Year Award after a period of 3 months.
  • Within a period of 6 months after the date of declaration of results, the teams will be required to submit a detailed report of their progress to the Entrepreneurship Cell, IIT Bombay. The report would be evaluated by our panel of judges.
  • If the judges declare that adequate progress has been made, the remaining 50% of the prize will be released after 6 months from the declaration of results.
  • By this time, the team must also have registered the company.
  • If a team fails to give the report within the stipulated time, it shall be deemed that the team has forfeited the remaining prize.
  • The teams must also submit an account of their expenditure for the prize money they would've received till date, at least 2 weeks before the presentation. The Entrepreneurship Cell shall have this account audited.

By registering for this competition, it shall be deemed that each individual of the participating team has agreed to be bound by the following terms and conditions:

Confidentiality:

  • By electing to participate in Eureka!, each participating team and all of its team members agree to allow The Entrepreneurship Cell, IIT Bombay to use their names, images and information regarding the team's business, and prize information in publicity and marketing efforts throughout the world, unless specifically prohibited by law. Each participating team must agree to accept that their registration form and other entries will not be returned to them, and accept that their personal data will be available for information and statistical purposes.

Intellectual Property:

  • The participating team represents that intellectual property in the business model does not infringe upon the intellectual property or any other legal or moral right of any person or entity.

Legal Issues:

  • The participating team represents that they shall not violate any applicable law.
  • The Terms & Conditions and the Competition Rules shall be governed by the laws of India.
  • Any dispute or conflict arising out of, from or relating to anything contained in the Terms & Conditions and/ or the Competition Rules is subject to the jurisdiction of Mumbai courts only.

Others:

  • The Entrepreneurship Cell, IIT Bombay reserves the right to disqualify or prohibit from participating in Eureka! any team that makes a submission, that in the sole discretion of The Entrepreneurship Cell, IIT Bombay, does not confirm with the Eligibility Criteria or does not comply with the Terms & Conditions and/ or the Competition Rules and/ or violates the spirit of Eureka! as a competition. In addition, the Entrepreneurship Cell, IIT Bombay may notify the appropriate legal/ administrative authorities as it deems fit and/or initiate any other action as may be advised.
  • By entering the Competition, each team and its individual members agree to accept the decisions of The Entrepreneurship Cell, IIT Bombay as final including determination of the winners of Eureka!.
  • The Entrepreneurship Cell, IIT Bombay shall have the discretion to initiate appropriate action against participating teams including individuals of such participating teams in case of any losses or damages arising from violation of the Eligibility Criteria, Competition Rules and the Terms & Conditions.
  • If Entrepreneurship Cell, IIT Bombay or its sponsors or associates are faced with any claim or loss (including any third party claims) arising from or relating to any breach by any member of a participating team of the Terms and Conditions hereof, such participating team shall severally and jointly indemnify and keep harmless Entrepreneurship Cell, IIT Bombay or its sponsors or associates.

Past 18 years

When Eureka! was first launched in 1999 , "entrepreneurship" was a word that probably sounded like something out of a Mastermind India Trivia Quiz. Over the past decade, the situation has undergone a sea change, so much so, that today more and more people are starting up instead of opting for corporate jobs.

Eureka! 2016

Eureka! 2016 was a huge success with a prize money raised to INR 5 Million like never before. It focussed mainly on the Lean Startup Methodology along with importance of Minimum Viable Product in the journey of startup. Awards in the field of Agriculture, Farm Mechanization gave another angle to the competition.

Eureka! 2014

Eureka! 2014 emphasized on development of sustainable startups for which first time a Lean Startup Workshop was conducted during the Mentor’s Meet.Technology and Sustainable Development Award was introduced to signify the prominence of innovative solution to a critical problem in an underdeveloped emerging market helping underprivileged communities.

Eureka! 2013

Eureka! 2013 went one step further regarding conversion of your idea to a startup by focusing on the concept of Minimum Viable Product for the finalists. Intel Technology Challenge was also introduced to highlight the importance of novel and innovative technology and the role of groundbreaking discoveries

Eureka! 2012

The grandest Eureka! yet, with prizes over INR 4 Million. This year also saw the introduction of Eureka! Youth Award to help the future leaders realize their entrepreneurial prowess. Eureka! Social, in its Second Year continued to be a huge success. With entries pouring down from all over the globe, Eureka! had become truly global.

Eureka! 2011

Eureka! 2011 witnessed a new track – Eureka! Social with a vision to foster innovative technology and business models aiming to improve the lives of the people at the bottom of the pyramid and/or help build a greener tomorrow. It was extensively supported by global social organizations such as UnLtd India, Villgro and Grameen Creative Lab . Winners were given an opportunity to be a part of the final round at the Dell Social Innovation Challenge . The winners were also given direct entry and an all expense paid trip to E-Bootcamp, conducted by BASES at Stanford University. One new award - Best IIT Bombay entry was offered.

Eureka! 2010

In the 12th edition of its existence, Eureka! had grown from providing total prize money of INR 2 lakhs in 2001 to INR 21 Lakhs in 2010. Applications increased by more than 10 percent over the last year and it maintained the position of being Asia's largest Business Plan competition. For the first time, top 50 shortlisted teams were provided with free financial and legal consultancy by firms like Sand Hill Counsel, Nishith Desai Associates and India Nivesh. The winners of Eureka! 2010 also received free financial and legal consultancy even after the competition was over which helped them setting up their own company and sorting out all the legal issues. One new prize for the best entry in Technology and Sustainable Development was introduced.

Eureka! 2009

The 2009 edition saw more than 1850 entries and offered prizes worth over INR 2.1 million. The winner, Oorja (from IIT Kharagpur) planned to manufacture the indigenous Lithium-ion batteries based on an entirely novel cathode synthesis technique and aimed to strike a chord among the common masses with its low cost and high efficiency, without being an environmental hazard. The second prize was won by Team Unicom which formed a breakthrough product called WIBANDTM, world's only single chip tunable frequency power amplifier module for cell-phones which aimed to revolutionize the $1.5Bn Power Amplifier Module (PAM) market.

Eureka! 2007

This was a year of unique achievement for Eureka! as the winner, Gama Entertainment Systems, while giving its final presentation in front of the judges received funding on the spot for $1.25million from one of the judges Mr Vishal Gondal, founder of Indiagames.com. (http://www.gamaentertainment.com)

Eureka! 2006

Eureka! had gradually started gaining name all over the world. It received entries from all across India and even countries like U.S. . Eureka!06 winners received invitations to other prestigious competitions such as that of Singapore's "Global Entropolis".

Eureka! 2004

The competition had already become a tried and tested launch-pad for startups. It needed something that could give the participants a chance to discuss and learn from the leading industry experts of the respective fields. Keeping this in mind, a nationwide mentoring program was initiated materializing into the ‘Mentors Meet' in 2004. The participants were provided insights into various aspects of framing a saleable Business Plan from Venture Capitalists and experts from various sectors.

Eureka! 2003

Till its 5th year Eureka! had already lent impetus to many budding entrepreneurs who had shown great business potential and made available to them, services like free Incubation, free Quality testing, free Web services, free accounting services, free legal consultancy, etc. In this edition, teams got a chance to get Incubation for one year at IIC-SIDBI at IIT Kanpur and an automatic advancement to the finals of StartUp@Asia Business Plan Competition, its first ever tie-up with an international competition and the chance to pitch in front of VCs and corporates all over the globe.

Eureka! 2002

Into its fourth year, Eureka! had served as a launch pad to many great ideas, all across the country. It was for the first time that Eureka! 2002 went international, inviting entries from all over the world and became an international business plan competition. For the second successive year, it awarded free Incubation for one year at Silicon valley and IndiaCo at Pune (depending on the team's choice) to the winning team.

Eureka! 2001

Eureka!, after three years of its launch, became a huge success with 300 participants from around 50 colleges across the country. It came to be recognized as one of the biggest competition of its kind in Asia by CNN. It was for the first time that Eureka! offered one year of free incubation to the winning teams by IndiaCo in Pune and from The Enterprise Network, Silicon Valley. The winner of the competition - eInfinitus (a team comprising of IIT Bombay students) later set up a company which was valued at over $45 million and acquired by CISCO.

Eureka! 2000

Eureka!, in its second edition, was a bigger success than its predecessor in terms of its gaining cooperation from international organizations like TiE (The Indus Entrepreneurs) and world renowned personalities like Kanwal Rekhi. The number of teams entering then grew over a hundred. The competition saw its first achievement when the winner of the competition myzus.com went on to get funding and was valued over six million dollars later in 2002.

Eureka! 1999

Eureka! started with a workshop "Enterprise", as a part of Techfest 1999, which introduced an average IITian to the world of start-ups. The success of this event led to a formal platform where teams could bring their plans for evaluation by an experienced panel of venture capitalists, entrepreneurs and industry veterans. Thus, Eureka! came into existence in 1999 with 50 teams competing in its first edition.

Success stories

Presently in its 19th edition, Eureka! has acted as a launchpad for more than 40 successful start-ups, some of which have gone on to become multi-million dollar enterprises.

Leaf (Eureka! Social winners, 2014)

website: https://www.leafwearables.com/

Leaf is a wearable technology company founded in Feb 2016.Their SAFER Smart Pendant is a beautiful piece of jewellery with technology inside keeps women safe and connected. After winning Eureka! Social Track, they listed in Top 50 startups at Global Entrepreneurship Week and in Top 50 Innovative companies in India through IIGP. They also won The Ten Minutes Million at The Entrepreneurship Summit 2016 at IIT Bombay.They were chosen amongst the top 10 innovative startups in India by Department of Science and Technology who accompanied Prime Minister Narendra Modi on his visit to Silicon Valley to participate in first India-U.S. Startup Konnect (September 2016).

Zostel (Eureka! business winners, 2013)

website: http://zostel.com/

Zostel which is India's first backpacking youth hostel chain, started in August 2013 with an initial capital of Rs 20 lakh as a chain of backpacker hostels for young travellers providing airconditioned dormitories with laundry service, TV, internet and other facilities for under Rs 500 a night.In April 2016, it entered the budget hotel market and launched ZO rooms which raised an estimated $47 million across two round from Orios Venture Partners and Tiger Global. OYO acquired ZO rooms and zostel in 2016.

Greenway Grameen Infra (Eureka Socials winner 2011)

website: http://grameeninfra.blogspot.in/p/home.html

Greenway Grameen Infra develops innovative solutions for rural consumers based on a unique heat transfer technology.Greenway’s flagship product is Smart Stove. It burns traditional biomass fuels like wood and cow dung, but reduces them by 65 per cent to produce the same heat as mud stoves, with 70 per cent less smoke and 1.5 tons less Greenhouse Gas (GHG) emissions every year. Within the first six months of the product launch, Greenway Grameen was averaging 5,000 unit sales per month, and today, after five years, Greenway Grameen has managed to sell over three lakh units in India.It’s product is India’s largest selling cook stove and has also entered into international markets such as Nepal, Bangladesh and Mexico.

TheraNova

website: http://www.theranova.com/

Winners of Eureka! 2002, TheraNova is a biomedical device company. In addition to receiving seed funding for several internal projects, it has spun out several venture-backed companies. Baranova, NovaShunt, Velomedix and EM Kinetics have managed to raise Series B funding of $7.5 million, $25 million, $10.2 million and $2.8 million, respectively. A few other products have been filed for patents. For more information about funding visit the links below.

  • Baranova: http://www.roeder-johnson.com/RJDocs/BAallergan1023.html
  • NovaShunt: http://prn.to/QFMoBB
  • Velomedix: http://bit.ly/y27CpC
  • EM Kinetics: bit.ly/U3wtBC

Gama Entertainment Systems

website: http://www.gamaentertainment.com/

Winners of Eureka! 2007, they received funding of INR 50,00,000 during the Eureka! Finals and since then have had three very successful products namely:

  • Mymage: A very novel photo booth product in partnership with Sega, Japan as well as Licenses from Disney and UTV.
  • High 5: First ever machine to combine Prize Vending & Ticket Redemption.
  • Cricket 20-20: India's first 20-20 gaming machine.

Elnfinitus

website: http://www.einfinitus.com/overview.html

Winners of Eureka! 2001, eInfinitus Technologies is a research oriented routing technology venture, founded by the alumnus of the Department of Computer Science and Engineering of IIT Bombay, India. It received INR 15 million in their first round of funding from Sicom Ventures and was later bought by Cisco Systems in a deal reported to be in the range of a whopping INR 2,50,00,00,000 or $50 million. For more information go to http://www.einfinitus.com/News/news8.htm

Whizlabs

website: http://www.whizlabs.com/

Winners of Eureka! 2003, today Whizlabs is a global leader in Java Certification Exam preparation. It has served over 50,000 customers and 20,00,000 users in over 120 countries with a 99.7% success rate and has also served corporate customers like Accenture, JP Morgan, IBM, Cisco, Infosys, Bunge, Induslogic, Nucleus software, Coface.

Greensole

website: : http://www.greensole.in/

Greensole is a social venture, refurbishing discarded shoes to comfortable footwear, which are provided to the people in need and also sold in the market. Globally more than 350 million pairs of shoes end up in landfills each year while as per the UNESCO & WHO report 1.5 Billion people currently do not have footwear.Greensole tends to bridge this gap making social, economic and environmental impact.

Testimonials


Leaf Wearables

“I have been to multiple business plan events but haven't seen anything like Eureka ever. The media coverage that we got post being announced as the winner was something unexpected and that definitely helped us in reaching out and connecting to a mass audience.”

Greensole

"After completing the journey of Eureka, Asia's largest b-plan competition, your start-up idea will no longer remain a plan, as it will become into a venture"

Medprime

“Eureka 2016 was one of the first b-plan competitions that we participated in. We were students at the time and completely new to the concept of business plans. The mentors that we met and interacted with during the mentoring sessions were the ones who guided us in building our first real business plan in writing. More than the financial rewards, being a runner up at a national level competition such as Eureka, was a great confidence boost.”

Socialcops

"Participating in Eureka was a great experience! Highly recommend it to aspiring student entrepreneurs!"

Kibo

“Eureka for us was more than just a business model competition, it was a virtual incubator. The shift from B-plan to B-model benefited us widely as the timeline of the competition kept us motivated to step beyond having just a 10-slide business deck to actually going out there, creating an MVP and testing the waters. Thanks to E-cell, IIT Bombay for organizing such a professional contest and here's to creating many more success stories!”

Past winners


Eureka! 2015

Business Track


Revsmart


Sound Surrond

Social Track


Lal10


Vchalk Education

IIT Bombay B-Model of the Year Award


Kibo

Technology and Sustainable Development Award Winner


Cruize

Eureka!Youth Award


Medcreator

Eureka! 2014

Business


Pratilipi


MedPrime Technologies

Social


Leaf


Excelsior INDIA

Technology and Sustainable Development Award Winner


KADAM (Greensole)

IIT Bombay B-Model of the Year Award


Sparks

Eureka! Youth Award


Sanera

Touching Lives Award Winners


Edumonks

I want to participate in Eureka! 2017. What are the steps I should follow ?
Step 1: Register here for Eureka! 2017.
Step 2: You will have to provide the team leader’s details, team members’ details, postal address and other details as required. You will receive a confirmation mail.
Step 3: After confirming, you can proceed to the submissions page.
What is the registration/ participation fee for Eureka!?
There is NO registration/ participation fee.
What is the last date of submission?
The last date for submitting/ editing your Questionnaire is 29th September, 2017.
Can I sign up for both Eureka! Business and Eureka! social?
Yes, you can participate in both Eureka! Business and Eureka! Social. But ideas for both competitions must cater to the respective categories. You cannot enter both categories with the same B-Model.
How do I decide the category for my B-Model?
Refer to the rules and eligibility criteria of Eureka! 2017.
Can I submit additional documents along with the summary?
No, we do not accept any other documents. The judging will be done only on the basis of the questionnaire.
Do I compulsorily need to have a team?
We allow single participation, though a team is highly recommended.
How will the business model be judged?
Business models will be evaluated based on the quality of the plan, the feasibility of the business idea and the size of the market opportunity amongst other judging parameters. Judging will be done by our panel of experts. Various criteria have been mentioned there.
When can I request a mentor?
A mentor will be allotted to all the teams that qualify for the second round i.e. the Business Model round. The mentoring session will begin in November and end in December.
I registered more than once for the same entry. What should I do?
Multiple registrations can be made by logging into your ID and simply creating another idea. Please note that for different ideas you have to submit different set of answers for the questionnaire and create a different set of team.
How is confidentiality of the questionnaire/ B-Model maintained?
The entries for Eureka! 2017 are judged by reputed faculty, established entrepreneurs and industrialists who believe in promoting entrepreneurship. They are themselves very busy people and looking at B-Models is a routine affair for them. Your entry is viewed only by the judges. At no stage is an organizer permitted to view your B-Model. Presentations are all closed room presentations. Only the team members and judges will be present during the presentation. However, we cannot get our judges to sign a non-disclosure agreement (NDA). To view our policy about confidentiality, refer to Terms and Conditions.
Where can I get a sample copy of business model?
You can get a sample copy of a business model under the resources section.
Can I change my team later?
Yes, you can change your team information and other registration details by logging into the edit profile page. You can even add a team member or drop one. You can also send requests to your friends regarding the same. However you cannot change the details of the team leader later. This facility will be available till 29th September, 2017.
What should be the size of my team?
Teams can be of any size, but a typical team consists of 3 to 7 members. However, having more than 7 members is not allowed. You may include faculty, industrialists, professionals, etc in your team. Each team is advised to figure out what expertise it needs to develop a successful business model and build a team to meet those needs.
Can a team consist of people from different colleges/ companies?
Yes, teams can consist of individuals from different colleges/ companies.
Does my business model have to be technology related?
No, we encourage all entries that can potentially be developed into a business model.
How does the mentoring program work?
Mentors are experienced sector-specific entrepreneurs or experts who provide assistance and guidance to the participants. Mentors will offer suggestions and feedback to help participants develop and refine their business model. Participants may choose not to get in contact with the mentors, although teams are strongly encouraged to take advantage of this opportunity. Teams can select a mentor from the sector of their choice or request the competition committee to assign a mentor to help them.
What is Round 1(Questionnaire) judging criteria?
Once the questionnaire has been filled and submitted by the participating teams, it will be sent to our sector-specific panels of experts for judging. Each entry will be judged by multiple judges and the final scores will be normalised by proven and genuine statistical methods. Questionnaires will be judged on the basis of the following criteria and each criterion would be marked on a scale of 1-10 with 10 being the highest and 1 being the lowest. Criterion 1 : What is MVP ? Minimum viable product (MVP) is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort. Please refer to Minimum Viable Product for additional Information. Criterion 2 :Is it compulsory for everyone to make the MVP to be considered as a participant ? MVP has been introduced for the semifinalist stage. It has been introduced only to provide impetus to those who would like a tangible product to help them in market analysis Criterion 3 :How important is MVP? Is it a part of the judging criteria? MVP will be judged explicitly during the semi-final and final pitching round of Eureka! 2017. What are the ways we would be helped to make an MVP? You will be provided with ample resources to help you through. Given that, you can always consult your allotted mentor regarding the same.

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Description lists
A description list is perfect for defining terms.
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Donec id elit non mi porta gravida at eget metus.
Malesuada porta
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Eureka! 2017
Asia's Largest B-Model Competition

9100
LAST YEAR ENTRIES
150
NUMBER OF MENTORS
18
NUMBER OF YEARS
50
PRIZE MONEY WORTH IN LAKHS
macbook

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TESTIMONALS

Great session conducted by E-Cell and it is good to see such an enthusiastic crowd at IIT Bombay. India will soon have a great startup culture.

Travis Kalanick
Ex-CEO, Uber
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Very good session conducted by E-Cell and an awesome session with Rahul Yadav.

Sachin Bansal
Ex-CEO, Flipkart
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Made me feel very young. Very challenging questions from a very dynamic group.

Ronnie Screwwala
Founder, UTV Group
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Excellent programme, very important for the nation’s need to build and nurture entrepreneurs.

Girish Bhagat
Director, India Nivesh
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I thoroughly enjoyed the session at E-Summit’16 because in many ways IIT Bombay is where we started our journey. All the best team E-Cell.

Arunabh Kumar
Founder & CEO, TVF
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